{"id":97879,"date":"2026-06-03T09:56:50","date_gmt":"2026-06-03T06:56:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97879"},"modified":"2026-06-03T10:14:49","modified_gmt":"2026-06-03T07:14:49","slug":"hive-miner-reduces-bitcoin-reserves-to-150-btc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hive-miner-reduces-bitcoin-reserves-to-150-btc\/","title":{"rendered":"HIVE Miner Reduces Bitcoin Reserves to 150 BTC"},"content":{"rendered":"<p>Canadian mining company HIVE Digital Technologies <a href=\"https:\/\/www.newsfilecorp.com\/release\/299795\/\">reported<\/a> its financial results for the 2026 fiscal year, which ended on March 31. Annual revenue surged by 158%, reaching $297.8 million.<\/p>\n<p>According to the report, revenues from digital asset mining increased by 164% to $278.3 million. This was driven by a fourfold increase in operational <a href=\"https:\/\/forklog.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> and a high average Bitcoin price ($98,040 compared to $75,881 the previous year).<\/p>\n<p>During the reporting period, the company mined 2885 BTC, marking a 104% increase from the previous year&#8217;s figure of 1414 BTC. Meanwhile, the average network difficulty rose by 42% from 95.7 T to 135.8 T.<\/p>\n<p>Revenue from the high-performance computing (HPC) division reached a record $19.5 million, up 94%. The growth was driven by the launch of a cluster based on NVIDIA H200 chips.<\/p>\n<p>Despite the growth in operational metrics, HIVE&#8217;s net loss under <span data-descr=\"generally accepted accounting principles\" class=\"old_tooltip\">GAAP<\/span> amounted to $148.4 million. The company explained that this figure was due to non-cash items: equipment depreciation of $170.4 million and investment valuation adjustments.<\/p>\n<p>Notably, in the fourth quarter of the fiscal year, the miner significantly reduced its Bitcoin reserves. As of March 31, 2026, HIVE held 150 BTC valued at approximately $10.8 million. For comparison, as of December 31, 2025, the company held 481 BTC.<\/p>\n<p>Quarterly mining revenue fell to $67.2 million (down 23.9% from the previous quarter) amid a Bitcoin price correction and increased network difficulty.<\/p>\n<p>By the end of 2028, HIVE aims to increase annual revenue in the HPC segment to $660 million. A key project in this direction will be the construction of a 320 MW AI data center in Toronto.<\/p>\n<p>In March 2026, HIVE <a href=\"https:\/\/forklog.com\/en\/news\/hive-miner-launches-first-ai-cluster-in-paraguay-for-remote-computing\">launched<\/a> its first <span data-descr=\"graphics processing unit\" class=\"old_tooltip\">GPU<\/span> cluster for artificial intelligence in Paraguay.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIVE reported its financial results for the 2026 fiscal year, which ended on March 31. Annual revenue surged by 158%, reaching $297.8 million.<\/p>\n","protected":false},"author":1,"featured_media":97880,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"HIVE reported its financial results for the 2026 fiscal year, ending March 31.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1106,1252],"class_list":["post-97879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-hive","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"HIVE reported its financial results for the 2026 fiscal year, ending March 31.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97879"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97879\/revisions"}],"predecessor-version":[{"id":97881,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97879\/revisions\/97881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97880"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}